Yonghui news

Dairy Farm has posted an update on its trading performance for the third quarter, with growth in line with last year. Steady third quarter overall, but weak consumer sentiment in Hong Kong Dairy Farm said it performed "steadily" in the third quarter, with overall earnings in line with the comparable period the prior year. Performance across all channels, however, was impacted by difficult m...

The world's largest international health and beauty retailer, A.S. Watson, has posted its results for the first half ending 30 June 2019. Exchange rates impact H1 results A.S. Watson's retail division, which is split into five subdivisions, Healthy & Beauty Western Europe, Eastern Europe, China, Asia and Other Retail, ended the first half of 2019 with 15,213 stores across 25 markets - a 5% ...

Dairy Farm has released its H1 results for the six months ended 30 June. Consolidated sales increased 13% to US$13,781m, but subsidiary sales fell 3% to US$5,761m. Overall performance encouraging Dairy Farm’s overall performance is recovering. It recorded positive sales in four out five divisions and underlying profit for the first six months was up 5%. Strong performances from associates a...

Yonghui has launched a new format, Market Life, in Shanghai’s Pudong District. Focusing on local cuisine and culture The new store, located in Sanlin yinxiang cheng (INCITY mall), operates approx. 4,000 sq m retail space. It focuses on fresh food to meet the lifestyles of urban shoppers. Market Life combines traditional market culture with modern farmer's market decor. The foodservice count...

Germany’s Metro has shortlisted eight companies for its China business, a deal valued at between US$1.5bn and US$2bn as previously reported . Top retailers among the bidders Reuters news agency, citing multiple sources who cannot be named due to the confidential nature of the sale process, reports the following are joining the bid: Alibaba, in partnership with Taiwanese retailer ...

Dairy Farm has released its results for the first quarter of 2019, with sales ahead of the same period last year. Food: large formats remain a challenge, convenience strong The Group’s multi-year transformation plan for its Supermarkets and Hypermarkets business is underway, but CEO Ian Mcleod previously estimated it will take the company five years to complete its turnaround plan.  Sales i...

 JD.com plans to invest CNY6.5bn (US$965.1m) in Thailand over the next three years to strengthen its fresh food business. Offering shoppers more choices In partnership with Yonghui, JD.com plans to import large quantities of durian, mangosteens, coconuts and other fruits from Thailand worth CNY5bn (US$742.4m). JD.com itself will also source an additional CNY1.5bn (US$222.7m) worth of fruits...

Yonghui has posted another strong set of annual results. Total revenue increased 20.4% to CNY70.5bn (US$10.5bn), with consolidated net profit up 18.5% to CNY1.5bn (US$219.9m). Fastest growing bricks-and-mortar retailer in China Despite increasing competition and the market’s slowdown in growth, Yonghui continues to be the fastest growing bricks-and-mortar retailer in China. To maintain g...

Dairy Farm has reported its 2018 annual results. Performance of its Health and Beauty segment was strong, but its Food business saw further decline. Annual sales up 4.1% Dairy Farm posted sales growth of 4.1% to US$11.7bn for the fiscal ending. Consolidated sales including joint ventures and associates increased 0.6% to US$21.9bn. During 2018, the retailer  sold its Giant hypermarket  sto...

Dairy Farm has reported mixed results for Q3, pulled down by challenges in the food division. Strong growth in health and beauty The retailer reported strong sales and profit gains in Hong Kong and Macau. The retailer also saw improvement in its Southeast Asian businesses, especially in Malaysia and Indonesia. Food business profits decline Both sales and profits were down in several m...